Upon examining the recent court ruling, Busy Bee Airways, in collaboration with SpiceJet chief Ajay Singh, will reevaluate and potentially modify its proposal for the insolvent Go First. Nishant Pitti, a key figure in Busy Bee Airways and EaseMyTrip, highlighted their intention to scrutinize the official court order once received and act in accordance with legal processes and strategic objectives.
The Delhi High Court's authorization for lessors to retake 54 aircraft from Go First, a crisis-laden airline that ceased operations on May 3, 2023, has prompted a need for adjustments to the bidding process. With the court instructing the DGCA to expedite the processing of lessors' applications for plane deregistration within a five-day timeframe, the fate of the leased fleet at Go First hangs in the balance.
The joint bid for Go First under insolvency resolution now hinges on the outcome of this review and potential adjustments to the offer put forward by Busy Bee Airways and Ajay Singh. As the airline industry navigates these legal and financial complexities, stakeholders await further developments in the bid to acquire and revive the troubled Go First operations.